Archive for category: Business paper

Description Module 3 – Case MARKET STRUCTURE AND GAME THEORY Assignment Overview As always, make sure to thoroughly review the required background materials before starting the assignments. The assignment questions will require you to do some calculations and also apply the concepts from the module. Question 3 differs from previous assignments in that you have to use an online simulation tool; but this activity should be a fun break from the standard numerical problems you have been doing. Case Assignment 1. 1. For this problem use the Herfindahl Index to compute market concentration: a. Suppose Apple has 45% of the U.S. market share for smartphones, followed by Samsung with 30%, LG with 9%, Motorola with 8%, HTC with 6%, and Nokia with 2%. What is the Herfindahl Index for the smartphone industry based on these numbers? Based on the Herfindahl Index, do you think the government would be willing to approve a merger between Apple and Samsung? b. Now suppose Nokia and Motorola come out with a new smartphone that takes away a huge chunk of market share from Apple and Samsung. The new market shares are 25% for Apple, 20% for Samsung, 20% for Motorola, 20% for Nokia, 10% for LG, and 5% for HTC.

2. Use what you learned about perfect competition, monopoly, and oligopoly to answer these questions: a. In the table below is the quantity produced, the price, the fixed costs, and variable costs for a perfectly competitive firm that faces a constant price of $150 for its product regardless of the quantity it sells. Use the information in the first four columns to calculate the number for the last four columns. At what quantity should they produce based on what you find with your results? b. How do you think your answer might change if it became a monopolist with all of its competitors leaving the market? Or if it became an oligopoly with only one or two competitors? Quantity Price Fixed Cost Variable Cost Total Cost Marginal Cost Total Revenue Profit/ Loss 0 150 200 – – 1 150 200 $140 2 150 200 $240 3 150 200 $320 4 150 200 $410 5 150 200 $520 6 150 200 $650 7 150 200 $810 8 150 200 $1,010 8/17/20199 150 200 $1,310 10 150 200 $1,710 3. 3. You’ve read about the prisoner’s dilemma in the background readings. Suppose you are a business owner with just one main competitor. If neither you nor your competitor cut your prices, you will both be more profitable. However, if your competitor lowers its prices and you keep your prices high, then you will lose all of your sales to your competitor. Every month you and your competitor place advertisements in the local newspaper with your price – so you need to decide each month whether or not to keep prices high, or lower them based on what you think your competitor might do. Go to the following webpage and test out some of your potential price strategies: http://www.gametheory.net/Mike/applets/PDilemma/Pdilemma.html The strategy “defect” indicates lowering your prices. The strategy “cooperate” means keep prices the same. Try out different strategies, such as cooperating all the time or defecting sometimes. There are five different rounds of this game, each with a competitor with different personalities and different strategies. Play all five rounds and experiment with different strategic approaches. Report your scores for each round, and discuss which strategies seemed to work the best for you. Assignment Expectations • Answer the assignment questions directly. • Stay focused on the precise assignment questions. Do not go off on tangents or devote a lot of space to summarizing general background materials. • For computational problems, make sure to show your work and explain your steps. • For short answer/short essay questions make sure to reference your sources of information with both a bibliography and in-text citations.

The Week 4 assignment is a group project. During Week 4 or earlier, five to six students are assigned groups. Each group leader will submit the assignment on behalf of their group.Each group selects one factual business example then, responds to the following: Distinguish among four market structures: perfect competition, monopolistic competition, oligopoly, and monopoly in this order. Identify your company’s market structure (i.e., perfect competition, monopolistic competition, oligopoly, and monopoly), explaining your reasoning. Examine whether competitive pressures are present in your company’s industry with high barriers to entry. Evaluate how high barriers to entry into the industry may influence your company’s long-run profitability. Explain the price elasticity of demand in your company’s market structure and its effect on your company’s pricing decision. Investigate whether government regulations encourage or discourage your business relative to its industry. Analyze how the role of the government may affect your market structure’s ability to price its products. The Market Structures paper Must be five to six double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center’s APA Style resource (Links to an external site.) . Must include a separate title page with the following: Title of paper Assigned group Students’ names in group Course name and number Instructor’s name Date submitted For further assistance with the formatting and the title page, refer to APA Formatting for Word 2013 (Links to an external site.) . Must utilize academic voice. See the Academic Voice (Links to an external site.) resource for additional guidance. Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper. For assistance on writing Introductions & Conclusions (Links to an external site.) as well as Writing a Thesis Statement (Links to an external site.) , refer to the Ashford Writing Center resources. Must use at least three scholarly, peer-reviewed, and/or other credible sources in addition to the course text. The Scholarly, Peer-Reviewed, and Other Credible Sources (Links to an external site.) table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment. Must document any information used from sources in APA style as outlined in the Ashford Writing Center’s Citing Within Your Paper guide (Links to an external site.) . (Links to an external site.) Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center. See the Formatting Your References List (Links to an external site.) resource in the Ashford Writing Center for specifications. Carefully review the Grading Rubric (Links to an external site.) for the criteria that will be used to evaluate your assignment.

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Assessment Task 2: Project: Prepare marketing tools and techniques Assessment description: In response to a simulated business scenario, you will evaluate marketing tools and prepare a written proposal. You will then develop samples of convergent tools and techniques. Note: Prepare to implement (or realistically simulate implementation of) tools and techniques in Assessment Task 3. Assessment Task 3: Portfolio: Apply convergent marketing communications Assessment description: In response to a simulated business scenario, you will plan implementation of marketing communication tools. Candidates will engage industry and technical expertise to assist in implementing tools. Candidates will then pilot the implementation. Finally, candidates will prepare a written reflection on their pilot implementation and networking activities

Create a credit risk model using logistic regression to estimate the probability of people who have leased cars, to be late in their payments (default) and then investigate specifically what are the factors that make people be late in their payments (default). Provide a relevant literature review. there are not many articles with credit risk modeling or probability of default in the leasing industry, so you can write generally about credit modeling and probability of default (POD) or probability of bad (POB) payers. Include as many articles as you can find on probability of default models with regards to the leasing industry. Also, please focus on the papers that use logistic regression as the method to estimate a probability of default/probability of bad. It is important that you mention what factors are most likely to affect the probability to default/bad or to be late in a payment according to the authors of the papers you will include. Bear in mind that this is a literature review request, so please don’t include any introduction or conclusions.